Gabelli Upgrades Apple (AAPL) to Buy

September 30, 2008 9:30 AM EDT
Get Alerts AAPL Hot Sheet
Price: $309.35 --0%

Rating Summary:
    45 Buy, 28 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 5 | New: 56
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Gabelli & Co. upgrades Apple (Nasdaq: AAPL) from Hold to Buy.

Yesterday, shares of Apple sunk from just over $128 to just over $105, marking a 17% one-day decline. The slide caused the company to lose about $20 billion in market cap. Apple went as low as $100.59 yesterday, setting a new 52-week low. In pre-market trading, shares of Apple are trading about 2.2% higher to $107.59.

Apple, Inc. designs, manufactures, and sells personal computers, portable digital music players, and mobile communication devices, as well as related software, services, peripherals, and networking solutions worldwide.

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